[IMPORTANT: @GameStop Allocates $512M to Bitcoin, Following Strategy Modeled by @Strategy]
GameStop has purchased approximately 4,710 $BTC worth $512 million, funded by a recent $1.5 billion convertible note offering. The move establishes a corporate Bitcoin treasury, aligning with CEO Ryan Cohen's earlier hints and inspired by MicroStrategy's Bitcoin asset strategy. This marks a significant adoption of Bitcoin as a corporate asset by a well-known retail brand.